Merritronix IPO Details
Merritronix IPO Summary
Merritronix IPO opens for subscription on 01 Jun 2026 and closes on 03 Jun 2026.The IPO will be listed on BSE with the tentative listing date set for 08 Jun 2026.
Merritronix IPO price band has been fixed at ₹141 – ₹149 per share. The face value is ₹10 per share with a lot size of 1000.
Merritronix IPO total issue size comprises 47,00,000 shares (aggregating up to ₹70.03 Cr). This includes a fresh issue of 47,00,000 shares (aggregating up to ₹70.03 Cr). Pre-issue shareholding stands at 1,27,84,854, which will increase to 1,74,84,854 post-issue.
Merritronix IPO carries a ₹80 (53.69%) GMP, reflecting investor sentiment.
Merritronix IPO Lot Size :Individual Minimum is 2 lots (2,000 shares) amounting to ₹298,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹298,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹447,000. SHNI Maximum is 6 lots (6,000 shares) amounting to ₹894,000. BHNI Minimum is 7 lots (7,000 shares) amounting to ₹1,043,000.
Merritronix IPO Details
Merritronix IPO Dates
- 01 Jun 2026Opening dateOpen
- 03 Jun 2026Closing dateClose
- 04 Jun 2026Allotment Date Allotment
- 05 Jun 2026Initiation of RefundsRefund
- 05 Jun 2026Credit of SharesCredit
- 08 Jun 2026Listing dateListing
Merritronix IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹298,000 |
| Individual Maximum | 2 | 2000 | ₹298,000 |
| SHNI Minimum | 3 | 3000 | ₹447,000 |
| SHNI Maximum | 6 | 6000 | ₹894,000 |
| BHNI Minimum | 7 | 7000 | ₹1,043,000 |
Merritronix IPO Reservation
Promoter Holding
Documents
Merritronix IPO Valuations
Merritronix Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 154.40 | 74.18 | 68.44 |
| Total Income | 156.25 | 114.04 | 86.01 |
| Profit After Tax | 16.10 | 8.66 | 3.05 |
| EBITDA | 27.22 | 15.18 | 6.73 |
| NET Worth | 52.52 | 16.23 | 7.58 |
| Reserves and Surplus | 40.34 | 15.39 | 6.73 |
| Total Borrowing | 43.20 | 18.57 | 15.82 |
| Amount in ₹ Crore | |||
About Merritronix IPO
Merritronix Limited, incorporated in October 1988, is an Electronics Systems Design and Manufacturing (ESDM) company specializing in high-reliability and mission-critical electronic assemblies. The company caters to sectors such as defence, aerospace, telecommunications, and industrial electronics.
The company provides comprehensive B2B services including component sourcing, printed circuit board (PCB) assembly, system integration, testing, box-building, and delivery of fully assembled electronic products, in compliance with stringent defence and aerospace standards in India.
As of December 31, 2025, the company’s manufacturing facility had an installed capacity of approximately 7,65,000 boards for Surface Mount Technology (SMT) assembly, 6,00,000 boards for Through-Hole Technology (THT) assembly, and 4,20,000 units for product assembly/box build, aggregating to a total installed capacity of 17,85,000 production units per annum.
The company is certified under EN 9100:2018 for manufacturing printed circuit board assemblies (PCBAs) for aerospace and defence applications, which is equivalent to AS 9100D and JISQ 9100:2016 standards, and also incorporates ISO 9001:2015 quality management standards.
Merritronix Limited serves a diverse client base across sectors including defence, aerospace, electrical engineering, heavy industries, power, and utilities.
As of January 31, 2026, the company had a workforce of 56 employees across various departments.
Strength Of Merritronix IPO
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Management team with an established track record.
- Established track record of successfully completed orders.
- Efficient operational team.
Risk Of Merritronix IPO
- Our business model as a B2B Electronics Systems Design and Manufacturing services ("ESDM") provider with limited brand recognition may restrict our pricing power, customer diversification and growth prospects.
- We may not qualify for or win bids to further expand our business in future, which may have an adverse effect on our business, financial condition, results of operations and prospects
- We typically do not obtain long-term commitments from our customers and they may cancel or change their production requirements. Such cancellations or changes may adversely affect our financial condition, cash flows and results of operations.
- We are subject to strict quality requirements, customer inspections and audits, and any failure to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact our reputation and our business and results of operations and future prospects.
- Increases in the prices of raw materials required for our operations could adversely affect our business and results of operations
- Our Order Book may not be representative of our future results and our actual income may be significantly less than the estimates reflected in our Order Book, which could adversely affect our results of operations.
- We have significant working capital requirements. If we experience insufficient cash flows from our operations or are unable to borrow to meet our working capital requirements, it may materially and adversely affect our business, cash flows and results of operations.
- An inability to comply with repayment and other covenants in the financing agreements or otherwise meet our debt servicing obligations could adversely affect our business, financial condition, cash flows and credit rating.
- The majority of our product sales and services is concentrated in the region of Telangana. For the Fiscal 2026, 2025and 2024 our revenue from sale of products and services in Telangana accounted for 98.19%, 95.63% and 88.85% of our revenue from operations, respectively any adverse developments affecting our sales in these regions could have an adverse impact on our business, financial condition, results of operations and cash flows.
- Our Company has not adequately complied with some of the provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for noncompliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
Objectives Merritronix IPO
1. Capital expenditure towards purchase of Machinery and equipment
2. Funding working capital requirements
3. Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
4. General corporate purposes
5. Total
Company Contact Details
C-22, Electronic Complex Kushaiguda
Hyderabad, Telangana , 500062
Phone: +91 8297912056
Email: cs@merritronix.com
Website: https://www.merritronix.com/
Registrar Contact Details
Merritronix FAQs
The Merritronix IPO is a SME public issue comprising 4700000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹70.03 Cr. The issue price has been fixed at ₹149 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 01 Jun 2026, and closes on 03 Jun 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹80 (53.69%).
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